Welcome Back Shane, 1 Simple Question That We All Want to Know - Page 2 - Two Plus Two

Pogue, I wish this thread was not about Lock specifically. All my opinions are about any online poker site operating in the US today.

I just dont think its likely to get paid back if a site is shutdown. Without any way to generate revenues for salaries, and payment processors not wanting to get involved with an investigation, I don't see how the transactions are going to happen.

Anyway i applaud your optimism sir.

I suppose my post wasn't clear, I apologize.

I meant that Lock clearly doesn't like money, hence their horrid management decisions. Locks runs it's business very similar to tilt, vague cut-n-paste emails from support and 2 new promotions this month, yay!

I don't think I'll see a dime from them if anything happens.

On the other hand, the management at stars love money, know how to run a business and treat it's customers and they are still profiting.

The signs are there right now, it's up to us to decide whether to continue to give lock our business.

12-07-2012 , 06:55 PM

#27

ChicagoRy

Carpal \'Tunnel

Join Date: Jan 2007 Posts: 20,589

Quote:

Originally Posted by 3BetLight

Yeah but they might dodge / deflect the question. Also, you'd hope that these sites have learned from the previous fiasco to keep the money in a segregated account. As in, whatever we do, this is the 1 thing we must do, towards it sort of attitude.

It's not that previous sites were just unaware that segregated funds were safer. It's that they wanted to use player funds to keep the business going rather than having to contract when hit with cash shortfalls from risky behavior.

I also don't know why a site would ever dodge or deflect a question about segregation. You either do it or you don't, and if you don't, you're very likely to say that you do.

12-07-2012 , 07:50 PM

#28

RikaKazak

Carpal \'Tunnel

Join Date: Jul 2005 Posts: 9,662

Quote:

Originally Posted by 3BetLight

I had never heard them say they kept segregated funds before nor really even ever heard that question asked of poker sites before black Friday.

Pokerstars did.

Pokerstars used to have a pop up when you logged in saying they signed a deal with the bank of scotland and "now have segregated funds."

Full tilt never claimed to have segregated funds. But after black friday they did say, "your funds are safe and secure."

12-07-2012 , 08:22 PM

#29

Ditch Digger

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 9,989

Quote:

Originally Posted by RikaKazak

99% sure ftpdoug said funds were segregated pre black Friday.

12-07-2012 , 08:30 PM

#30

poguemahone1

journeyman

Join Date: Feb 2006 Posts: 204

Quote:

Originally Posted by Ditch Digger

99% sure ftpdoug said funds were segregated pre black Friday.

I'm 99% sure he did too.

I mean "they" did, as we now know several people used that account to answer questions.

12-07-2012 , 09:50 PM

#31

3BetLight

centurion

Join Date: May 2012 Posts: 113

Quote:

Originally Posted by ChicagoRy

Look up the replies Shane was giving about Lock 2 years ago. Something to the extent of "I'm instructed not to discuss Locks banking."

12-07-2012 , 09:52 PM

#32

suppersready

journeyman

Join Date: May 2012 Posts: 202

heres the question, I have no idea what gaming license this site is under, but its up to them to make sure that money is segregated. Full Tilt claimed they were and even though there were huge problems, the people who granted them the license never looked into which help cause the huge melt down at full tilt. Anyone knows who holds the gaming license for Lock?

12-07-2012 , 09:54 PM

#33

3BetLight

centurion

Join Date: May 2012 Posts: 113

Quote:

Originally Posted by suppersready

This is Locks gaming license, and I completely agree, and hopefully the license providers will now be keeping closer to that. That said, this is the government of Curacao we are talking about:

http://validate.cyberluck.com/valida...b-619f0a00002a

12-07-2012 , 10:45 PM

#34

umakenocentsbro

grinder

Join Date: Sep 2012 Posts: 680

why si everyone freaking out...circumstances havent changed in the last 6 months

12-08-2012 , 12:23 AM

#35

3BetLight

centurion

Join Date: May 2012 Posts: 113

I'm freaking out because I went on a heater and won like $10k in the past couple weeks and can't cash out. Most people are freaking out because WU is down and hasn't come back and there are cash out requests from October that haven't been fulfilled.

12-08-2012 , 12:45 AM

#36

hubs89

centurion

Join Date: Jul 2006 Posts: 179

Quote:

Originally Posted by 3BetLight

fyp

12-08-2012 , 12:48 AM

#37

umakenocentsbro

grinder

Join Date: Sep 2012 Posts: 680

Quote:

Originally Posted by 3BetLight

10k good win whats your SN. be happy Lock let you go on a heater

12-08-2012 , 08:30 PM

#38

imjustshane

Lock Poker Representative

Join Date: Mar 2011 Posts: 2,661

Ive posted several times on this, our funds are absolutely segregated.

Player balances are at all times completely separated from operational funds.

We dont consider this to be something exceptional, it should be standard operating procedure for our industry.

12-08-2012 , 08:47 PM

#39

poker243

journeyman

Join Date: Aug 2009 Posts: 218

why do people ask this meaningless, albeit important, question? he will give the reassuring answer 100% of the time, regardless of whether it's truth or a lie. you can ask the question, but you learn nothing new.

12-10-2012 , 05:27 PM

#40

3BetLight

centurion

Join Date: May 2012 Posts: 113

Quote:

Originally Posted by imjustshane

Yes, I saw that they posted you had responded to this before. Thank you.

12-10-2012 , 05:42 PM

#41

Mccormick

old hand

Join Date: Mar 2010 Posts: 1,982

Quote:

Originally Posted by imjustshane

It definately should be, i also don't really understand how it ever could not be, given the enormous profits from rake alone.

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